What are the two most important items the CBI/GOI must accomplish before there is any change in the value of the IQD? …and are doing?
Straight from the IMF…here it is:
“The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions.”
Now…how do we know for a FACT they are accomplishing these items?
The fact that Iraq Airways/Airline is being opened for foreign investors is proof that the restrictions are moved/being removed.
[So they are removing the restrictions so they can have currency exchange?]
If you have one you have to have the other. It is the Investment Law that they amended is providing this great change in Iraq.
[SO IT COULD BE A TIMING ISSUE?]